Technical
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Property profile

507 Smith St Grand Mound, IA 52751

FOR SALE
Land
Property ID
US25-1130407
Built 1972
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507 Smith St, Grand Mound, IA 52751 For Sale
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507 Smith St, Grand Mound, IA 52751
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Property summary

AI-generated overview

This exceptional commercial property at 507 & 509 Smith Street, Grand Mound, IA 52751, presents a unique investment opportunity. The 2,400 square foot lot features a single building constructed in 1972, currently housing a thriving local bar business. Adding to the income potential are two attached one-bedroom apartments, each generating $600 in monthly rent. The sale includes all existing business fixtures and equipment, offering a true turnkey operation for a new owner. The property benefits from recent updates to the plumbing and electrical systems, ensuring efficient and reliable operation. Located in Clinton County, Iowa, this property offers a blend of established business income and rental revenue streams. The asking price is $170,000. This is an ideal opportunity for an investor seeking a profitable, established business with immediate rental income. The property's location in Grand Mound provides access to a local customer base and potential for growth. All aspects of the business are included in the sale, making this a seamless transition for a new owner. Don't miss this chance to acquire a well-maintained, income-generating commercial property.

Property profile

Verified
Property type Land
Year built 1972
UPID US25-1130407

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

507 Smith St Grand Mound, IA 52751
Grand Mound metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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